Bitcoin Price Plunges to Decline Lows

Bitcoin Price Plunges to Decline Lows

Overnight, Bitcoin Price made the plunge to long-term support currently near $270. This is an important juncture in the price chart, and the end of decline is finally in sight. Additional decline is possible, and market participants are advised to wait for confirmation that the low has been struck. Bitcoin Price Analysis. Time of analysis: 06h00 UTC. Bitstamp Daily Chart. The Bitstamp daily chart dropped very close to the rising long-term support near $270 and printed a low of $277. The price lows are not being confirmed by the RSI and MACD indicators that are showing severe divergence....


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Quotes

Irrespective of your opinion, the rise in popularity of cryptocurrencies cannot be ignored. Today, there are a number of billion dollar businesses that accept Bitcoin as a form of payment. These include Dell, Reddit, Expedia, PayPal, and most recently, Microsoft. So for the uninitiated who have not yet grasped what Bitcoin and other cryptocurrencies are, you ought to catch up.

WIRED, American magazine